Macro: Price is likely to test and sweep 2023 Lows and stops.
M: Price failed to close below monthly BiSi
W: Price failed to closed blow wekly BiSi and also swept IRL/SSL
D: Price Closed below the 50% of Daily BiSi
4H: closed above 4H SiBi and another 4H BiSi is left untested at $70.1
1H: SiBi ahead that may push price lower to untested 4H BiSi (Bearish Scenario)
or in bullish Scenario it may disrespect 1H 7 4H SiBis and sweep the EQH
also we have bunch of red folders news in next week
that also include crude oil inventory report on wednesday
happy trading, manage your risk and salvage capital in case of a wrong trade
M: Price failed to close below monthly BiSi
W: Price failed to closed blow wekly BiSi and also swept IRL/SSL
D: Price Closed below the 50% of Daily BiSi
4H: closed above 4H SiBi and another 4H BiSi is left untested at $70.1
1H: SiBi ahead that may push price lower to untested 4H BiSi (Bearish Scenario)
or in bullish Scenario it may disrespect 1H 7 4H SiBis and sweep the EQH
also we have bunch of red folders news in next week
that also include crude oil inventory report on wednesday
happy trading, manage your risk and salvage capital in case of a wrong trade